We are pleased to announce our next AMA on September 24th 2021 at 03:00 PM UTC Time: Satoshi Club x Orion Money
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Orion Money Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Orion Money Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Orion Money
For more details:
Orion Money Website – orion.money
Orion Money Telegram – @Orion_Money
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Orion Money’s vision is to be
a cross-chain stablecoins bank &
also the best place in DeFi for stablecoin saving, lending, and spending these seems to be a great plan and a perfect project as it sounds but my question is how do you plan on achieving this aim considering alot of up coming projects with greater offer how do plan on stabilizing?
Earth station and moon are levels involved in money savings,
Will there be any level higher than moon in the future ?
Orion Money is very careful when it comes to security. They have done 3 smart contract audits for this and also added 2 insurance options in case you want to make a deposit and cover the sum of your deposit. What are these 2 insurance options? How do they protect your platform?
TEAM and PARTNERSHIP- there is no doubt the fact is one of the key strength of this every striving business project; looking at your Team and Partners, Orion Money Core Contributor Team, you did said that Vol one of your Team and Partner, is a former developer who turned to the ” dark” commercial side. Could you please explain to us in clear terms what exactly you mean by turned to “dark” commercial side?
Orion Money will be allotting 4% of the total ORION token supply (40,000,000 ORIONs), to all Luna Stakers and Orion Validator Delegators as a form of airdrop. Your Medium account post described how each participants will receive the airdrop, however, it does not provide the ways on how and where can we stake our Luna tokens and how can we be one of Orion’s Validator Delegators. Can you tell us here, to what platform can we stake our Luna tokens? How can we be one of Orion’s Validator Delegators? Do you have a specific platform/website for that matter? When is that start of your validator program?
I saw on your website how Orion Money manages deposited and withdrawn funds within its platform. When a fund is deposited/withdrew, it goes to a 4-5 simple steps that works behind Orion’s user interface and into its protocols. May I know, will this be an automated and one-time process or do we need to comply do these steps each one? Will there be a separated transaction fees on each steps?
Orion Money’s product “Orion Saver” has a tier system which offers attractive APY levels for stablecoins, which corresponds to the percentage of ORION tokens within a users’ portfolio. May I know, will the ORION token percentage vary in time alongside with the price of the token? Is it possible that the required token percentage changes if and when the price of your token goes up and down?
What is the security system used by ORION MONEY to protect the capital of your community and perform with insurance? How reliable is ORION MONEY?
To receive the performance it can be in stable coins or ORION tokens. Could you explain to me which are these stable coins that ORION MONEY manages where users can receive their rewards?
If Orion Money’s vision is to be a stablecoin bank, how is this platform preparing to make its mission a reality? Could it be possible to achieve the first stage of this mission in 2-3 years?
I noticed that you offer 10%+ APY for all options. After ORION TGE, the max APY will be 20%! To offer this kind of high percentages, how does your platform generate profits? What are your external income sources? When I try to calculate how much can I earn, your calculator only allows to adjust time frame by years. The shortest time period is one year whereas I can increase it upto 6 years. Does this mean that I cannot invest for a shorter time period than one year? Further, the calculator works even for 1 USDT. Don’t you have a minimum investment?
It caught my attention that you offer an insurance to protect our principal and yield. Thank you for introducing this option. Can you please explain what type of situations does this insurance cover? Despite high security measures, a platform may face bot attacks and hacks. Further, a project can be a flop due to mismanagement or financial issues. If Orion Money has to face that kind of situation, do we get our funds back from this insurance? To be eligible for the coverage, do we have to apply seperately when investing funds? Is this a third party insurance or an own product of Orion Money?
I noticed that you have two funds, the community fund and the staking fund. 20% of the total supply has been allocated for the community fund whereas the allocation for the staking fund is 30%. Can you please explain the utilities of these funds? A portion of 20% has been allocated for the team members. Then is it sufficient to allocate the same percentage for the needs of the whole community? Further, who is in-charge of these funds? Do you assure that there will be no third party interventions to these funds? Please explain the method of protecting transparancy when handling the community fund and the staking fund.
Onion Money is an easy-to-use platform that lets users get up to 20% interest on stablecoins. However, unless the initial amount invested is huge, the interest would not amount to much, so, for small investors, this isn’t so attractive. My question is, will the APY keep growing with time? Will there be a time where a $100 can make double the investment? Do you have any solutions to this? Is there a feature native to your platform that lets users earn actively?
As a stablecoin bank, you staking pool start with an APR of about 13.5%. In some protocol, APY is usually high at start but reduces as staking pool gets diluted with more user joining. However for Orion Money, you offer what you call incremental staking yield which gives additional option for users to increase their yield rate. Can you explain some of these conditions that users can fulfil to further boost their APY? For how long can a user continue to enjoy the boosted return? You also said these return may be reset back to default if users perform some actions while on pool? What are the conditions that can reduce users yield? Is it affected when users harvest their yield reward?
Your project is built on Terra blockchain. Although this blockchain has been existing for a while now, it has not receive much attention from developers like the way we have in BSC and Ethereum. Why did you build Orion Money on Terra blockchain rather than other well established blockchain? What are the top functionalities that this blockchain afford you? How do you use the Anchor Protocol of Terra ecosystem to seamlessly move and manage assets from Ethereum into Terra as well as withdraw them back from Terra into Ethereum?
One of the product optimisers you plan to release for Terra ecosystem is a liquidation protection optimisers. This appears to a handy tool because no one likes to lose his assets to liquidation. So, can you tell us how this optimiser is designed and how it help to protect users from sudden liquidation? Is this optimiser meant to work with CEX/trading liquidation protocols? How are users and protocol expected to use it?
OrionMoney’s goal is a bank
cross-chain stablecoins – the best place in DeFi to save, lend and use stablecoins. The risk associated with the lending platform is smart contract risk. So has the smart contract been audited? Are there any safety mechanisms to prevent over-mixing (to prevent any foul play/hacking)? How to Orion
Money applying to a witness node or deploying/managing a smart contract? Also is your lending and lending platform overly decentralized and pegged to stable coins, what if someone borrows with ETH or Luna and the price drops, that will lead to huge loss and also can be exploited on the other hand, how will you manage these types of vulnerabilities leaving the integrity and trust of the platform without mistake on your part?
They highlight that the Orion Money development team is focused on being the best place in DeFi to save, lend and spend on stablecoins, but when investors want to take their profits to FIAT money, how can you do this process, maybe through Orion Money they can do that or not?Talking about the community, I read you will reserve 20% of the distribution for the Community, how will this funds be used and distributed? Do you have any ambassador programs we can join at the moment? Do you have plans for global adoption especially in regions that aren’t English speaking? How will those from this region join?. What other plans do you have for the community you can share with us?
OrionMoney’s vision is a bank
cross-chain stablecoins – the best place in DeFi to save, lend and use stablecoins. So how will your project generate profit/income to sustain your project and what is the revenue model? How will it benefit your investors and projects? As a decentralized lending protocol, How do you deal with algorithmic credit risk protocol with legacy classical services? Where is my money stored? How can I withdraw money? Are there any fees or deductions for unlocking the property before the lockout period?
I think Defi is the future, Cefi is also great if you want someone else to handle your funds. Right now Orion money has the highest stable APY rates in ethereum, that is an amazing offer, it is important to view other projects as partners rather than competitors. I think they can become another partnership crusade project, like Chainlink was a few years ago. What are Orion money’s APY rates currently? How is Orion money different from similar CeFi projects? Why choose DeFi over CeFi?
Orion Money’s vision is to become a cross-chain stablecoin bank that provides hassle-free and frictionless savings, loans and stablecoins spending. Within the Orion Money stablecoin bank, we have three main products planned: Orion Saver, Orion Yield and Insurance, and Orion Pay. Can you explain each of these Orion Saver, Orion Yield and Insurance and Orion Pay products? What benefits do these products offer? When do you estimate each of them available?
Orion Money has seen the returns of DeFi and CeFi on stablecoins to be ridiculous when the anchor protocol on Terra provides sustainable high rates. This is a great opportunity to partner with the anchor team early on and expand the anchor offering to all blockchains, starting with Ethereum. What are the anchor rates offered by Orion money? What is the strategic benefit of partnering with terra? What is the level of participation with terra and orion money?
Orion money has the following products within its platform: 1) Orion Validator is a community-focused validator where all commission earned is distributed to Orion participants. 2) Orion Saver is available to anyone who doesn’t whitelist app.orion.money today. Can you explain more about these products? How do they work? What benefits do they offer the community? Are they already active and available?
Orion Money litepaper states that users can send a withdrawal request from the Orion Saver WebApp to withdraw their deposited stablecoins. The withdrawal and exchange of UST into the user’s preferred stablecoin will be done via EthAnchor. There will be swap fees associated with the withdrawal process, which will be covered jointly by Orion Money and the user. Please explain in details the percentage of the fees and the split covered by Orion and the user. Thank you!
It is definitely a great goal to to create an ecosystem Orion Money (including crypto debit cards) where stablecoin depositors can easily spend their earned interest. Please provide an update of the project development. Haму you already in contacts with possible partners to bring this into Orion portfolio? Thank you!
Your first product, the Orion Saver aims to provide the highest and most stable yields for stablecoins, can you tell us with which stablecoins it is possible to work in this feature and in how long can investors start receiving profits with this mechanism? How long is the investment necessary?
It says on your website that users will have the option to receive their yield in stablecoins or ORION tokens, but it is not clear what are the benefits of becoming an ORION holder, can you explain the usefulness of this currency and if it is possible to generate even more passive income with it?
From available blog publications, you carefully noted that your product Orion Saver is currently live on Ethereum, and you are presently working to reduce ETH gas fees and Swap/bridge fees. Can you let us in on how Orion Money currently works to reduce these fees, and why do you think such improvement will benefit your product? Also you plan to expand Orion Saver to Polygon as a way of checkmating excess fees with deposit and withdrawals for users. Therefore, can we let us know when this expansion will be fully implemented on Polygon, and asides this chains of Ethereum and Polygon, will there be further expansions to other widely used chains?
With a vision to becoming a cross-chain stablecoins bank, Orion Money has experienced huge growth across all media, especially your social channels which account for large following and a huge community. This is a great achievement, considering the fact that Orion Money is still at it’s infancy. Can carefully let us know how you have been able to raise and maintain such a large community of users, investors and partners, how has your promotions and marketing been hugely instrumental, in what ways have you improved on community feedbacks, and how will you leverage on community numbers to further gain and capture a sizable portion of a lucrative DeFi market?
Orion Money is said to be building a cross-chain stablecoin bank, powered by an ecosystem of dApps and infrastructure, to enable cross-chain stablecoin saving, lending, and spending. The suite of the dApps include: savings dApp and payments dApp. Why did you choose to have different dApps instead of integrate Tham on single dApp? What are the features, function and roles of each of these suite of dApps? What are the other infrastructure powering your ecosystem along with the dApps and how do they enable cross-chain stablecoin saving, lending, and spending?
Orion Money is considered a cross-chain stablecoin bank, which is possible through your Orion Pay feature, can you explain the main advantages of this feature and what solutions it offers to connect DeFi with fiat payment options? Is it more advantageous than a centralized exchange?
Orion Money uses EthAnchor to offer Ethereum-based stablecoins with the Anchor Protocol, however we all know that it can be ridiculously expensive to use Ethereum points to make transactions even with stablecoins, can you tell us what solutions Orion offers to the issue of gas? How will they make the platform more scalable and accessible?
4% of the total ORION token supply is dedicated to Airdrops (40,000,000 ORIONs) The airdrops on Terra will be distributed to Luna Stakers, some Orion Validator Delegators will get genesis airdrop, while other Orion Validator Delegators will receiving monthly airdrops for 12 months.
The airdrop is scheduled to happen in October 2021, as you are currently busy with IDO and product launches. What are the requirements to become Orion Validator Delegator? What is the reason why some Orion Validator Delegators will receive genesis airdrop while others will receive monthly airdrop for 12months? What is the allocation for the distribution of the airdrop? Lastly can you explain the 0% to a 5% rate validator commission charge?
The next product to launch on Orion Money is,Orion Yield/Insurance and Orion Pay.Can you throw more on light on this soon to be launch products?What are the purpose/features of these products?And how will they add to the growth of Orion Money and bring more benefits to users?
Orion Money will launch via Strong Holder Offering (SHO) and you will also launch on Ethereum with over 73,000,000 generated in stablecoin TVL.Your IDO is coming up on the 27th of September 2021,Can you share more information on how interested ones can participate in it?What are the requirements for users to participate in your IDO?What cryptocurrences will be used to participate in the IDO and will you have IDO Vesting and how long will it last?What is the minimum/maximum Allocation Price?Will user have to follow KYC procedures?And will there be any whitelisting?
In terms of Gas Fee,Orion Money have been working on minimizing Ethereum gas fees and swap slippage for Orion Savers deposits.So what solution have you provided for user depositing into Orion Saver?Is the minimizing of gas fee only for users in Orion Saver or it will extend to some of your upcoming products?
What is the safest way to obtain the highest stable yield in cryptography, is it really safe to maximize returns with investments in stablecoins, the stability condition of the currencies can be affected by some social, economic or political event?
What is your strategy for building a strong community? Do you agree that the power of the community will lead ORION MONEY to develop globally? What services do you provide to the community?
With Orion Money,we can earn up to 20% interest on our favorite stablecoins in just a span of a year. So,is this 20% interest is consider to be a long-term plan in your platform? Is there any locked-in period with our deposit?Can we withdraw our deposit before the end of the 1 year term? If yes,does the interest is being adjusted or the interest is still fixed? What are the stablecoins applicable for this 20% interest as APY? Lastly,is there a possibility that this 20% APY will increase as your platform grows and as time goes by? Thank you
We all know that,Staking, Farming and NFTs have proven to be very good ways of attracting users and improving Adoption. Do you have any plans to add these fractures to your ecosystem?
Usually people just buy tokens whenever it’s in the IDO season and then they just walk away after the season. How can ORION MONEY Keep all users engaged with the project?
Orion Money is quite unique as it originated on Terra but its main target market lies outside of Terra. Initially, you are targeting over $120B in stablecoins on Ethereum, and soon more on other networks. So,can you explain and describe the connection of Orion Money with Terra Luna? As your main target market lies outside of Terra,how would you work it out and how would you establish Orion Money in the market? As a new project in the market how would you plan to gain more investors and users outside Terra? As you want to achieve your target over $120B in stablecoins on Ethereum,what marketing strategy you want to develop and imposed in your platform to attract more investors and users for Orion money? Lastly,why choose Ethereum as your first network? Thank you
What is the process to allow stable high returns on stable coins in ethereum, tell us about the Anchor protocol and its ability to obtain high and stable returns, what is the initial market of Orion and what is estimated to be its long-term scope, when performance is beginning to be obtained, is there any mechanism to ensure user stables?
Orion Money is a decentralized bank? plan to include new financial instruments, what are the characteristics that differentiate and make Orion Money stand out from other projects?
From 27th of September at 12.00 UTC onwards to 28th of September at 12.00 UTC, Orion Money’s SHO (Strong Holder Offering) will be held on DAO Maker Launchpad. Can you provide more details about this upcoming SHO event? What is the size of a ticket per user? How about the Price of a token? How much amount will you target to fundraise through the SHO event? However, lot of fundraising events involved with KYC protocal. What about yours in the KYC case, Should the participants pass the KYC to buy $ORION tokens? How to be whitelisted for the SHO event? Please provide us a guidance or video tutorials if you have regarding the Whitelisting process?
Recently, Orion Money accomplished a strategic partnership with BANTER CAPITAL platform which is specialized on Investing funds to the potential projects. Will the BANTER CAPITAL platform do their investments on Orion Money platform? If yes How much amount did they agree to invest in the negotiating meeting? Will you allocate a percent of $ORION tokens to the price of 0.025$ just like the Seed round of $ORION tokens? Please share with us your future plans with BANTER CAPITAL to enhance the usability of Stablecoins within entire crypto Sphere?
Along with great Collaboration with Star Terra platform, Orion Money hope to do it’s Post-TGE IDO on Star Terra platform on 30th of September. Please give us a brief explanation how we participate on this IDO event? Is there any ongoing Whitelist competition within Star Terra ecosystem & your ecosystem? Should users follow the KYC process in this event? And also You mentioned that You will give $ORION tokens to the participants at a low price rather than the current market price of $ORION. Why is that? Will this decision lead to a large fluctuation on $ORION token?
You promised to give a 20% interest for user’s Stablecoin investments. If investors invest with Stablecoins to the Orion Money project, How will you find the extra 20% for them? Will you deploy those funds in another project to yield more stable coins? Please tell me What is the most effective function within Orion Money project that Supply the yield for our investments?
You have deployed a tier system for APY rates on Orion Saver mode which is named as Earth, Station & Moon. What are these three types of APY levels, Can you define them? How much Should I put my Stablecoins or ORION tokens to go the moon APY rate? Is there a minimum value of ORION tokens in my wallet to use the Orion Saver Mode?
There is a rumour about the delisting of USDT from the whole crypto world within social media. Since this reason, lot of investors like me are afraid of investing money on USDTs. So Do you have a alternative option for me instead of depositing USDT in to Orion Money project? If the whole crypto market decide to delist the USDT, What will be the consequences that affect on Orion Money project?
Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?
Without proper marketing and capital infusion the project dies, how do you convince us that you have enough marketing power and capital to push this project to the top?
Can You tell about allocation of total token?
What are your current plans to onboard new clients and what market are you targeting?
Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding this token is more beneficial for long-term and what is your plan to increase the demand and scarcity of the token?
What’s the planned long term business model for Request and how are the current integration efforts contributing to it?
Can you list 3 killer features of your project that make it ahead of competitors? What are the competitive advantages that you feel most confident about??
Why choosing terra chain? Solana, polygon, bsc etc. Also doing well… Then why orion choose terra… Do you think terra give us better experience & it’s better then others?
How is the budget/runway doing? Can the team last a while considering we’ve been in a “bear” market for a couple of months?
How many people are currently working on developing the protocol? How many more do you plan to attract people?
Tell us about the tokenomics and how individual investors like our community members can participate in and benefit from it?
When you first started building this project, what made you think that community and transparency should be the two keywords that you are going to follow throughout the whole process?